83 FR 34824 - Submission for OMB Review; Comment Request

DEPARTMENT OF COMMERCE

Federal Register Volume 83, Issue 141 (July 23, 2018)

[Federal Register Volume 83, Number 141 (Monday, July 23, 2018)]
[Notices]
[Page 34824]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15686]


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DEPARTMENT OF COMMERCE


Submission for OMB Review; Comment Request

    The Department of Commerce will submit to the Office of Management 
and Budget (OMB) for clearance the following proposal for collection of 
information under the provisions of the Paperwork Reduction Act.
    Agency: U.S. Census Bureau.
    Title: Quarterly Financial Report.
    OMB Control Number: 0607-0432.
    Form Number(s): QFR-200(MT), QFR-200(MG), QFR-200(S).
    Type of Request: Extension of a currently approved collection.
    Number of Respondents: QFR-200(MT)--5,199, QFR-200(MG)--5,493, QFR-
200(S)--1,559.
    Average Hours Per Response: QFR-200(MT)--3 hours, QFR-200(MG)--1.2 
hours, QFR-200(S)--3 hours.
    Burden Hours: 107,462.
    Needs and Uses: The QFR program has published up-to-date aggregate 
statistics on the financial results and position of U.S. corporations 
since 1947. The program currently collects and publishes financial data 
for the manufacturing, mining, wholesale trade, retail trade, 
information, and professional, scientific, and technical services 
(except legal) sectors. The survey is a principal economic indicator 
that provides financial data essential to calculation of key U.S. 
government measures of national economic performance. The importance of 
this data collection is reflected by the granting of specific authority 
to conduct the program in Title 13 of the United States Code, Section 
91, which requires that financial statistics of business operations be 
collected and published quarterly. Public Law 114-72, Section 2 
extended the authority of the Secretary of Commerce to conduct the QFR 
program through September 30, 2030.
    The survey forms used to conduct the QFR are: QFR-200 (MT) Long 
Form (manufacturing, mining, wholesale trade, and retail trade); QFR-
201 (MG) Short Form (manufacturing); and the QFR-300 (S) Long Form 
(services).
    The primary purpose of the QFR is to provide timely, accurate data 
on business financial conditions for use by government and private-
sector organizations and individuals. The primary public users are U.S. 
governmental statistical agencies such as such as the Bureau of 
Economic Analysis and the Bureau of Labor Statistics as well as the 
Federal Reserve Board. In turn, these organizations play a major role 
in providing guidance, advice, and support to the QFR Program. 
Universities, financial analysts, U.S. and foreign corporations, 
financial institution, unions, trade associations, and public libraries 
are among the diverse range of private sector entities that uses these 
data.
    Affected Public: Business or other for-profit.
    Frequency: Quarterly.
    Respondent's Obligation: Mandatory.
    Legal Authority: Title 13 U.S.C., Section 91.
    This information collection request may be viewed at 
www.reginfo.gov. Follow the instructions to view Department of Commerce 
collections currently under review by OMB.
    Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to [email protected] or fax to (202)395-5806.

Sheleen Dumas,
Departmental Lead PRA Officer, Office of the Chief Information Officer.
[FR Doc. 2018-15686 Filed 7-20-18; 8:45 am]
 BILLING CODE 3510-07-P